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#7
02-11-2004, 02:37 PM
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 Re: 2003 1040 line 22 Nan Eklund wrote: - quote - > Dividends: capital gains, qualified, non-taxable, post
Ain't' that the truth! And Taxwise classifies everything> 8/7/86 private activity, bonds, collectables, qualified 5 > year gain, unrecaptured Sec 1250, Sec 1202, liquidating, > return of capital, foreign source.....ad nauseum! > All I can say, this year, is thank God for software writers! and operates flawlessly. BTW, which did you choose? Cheer$, Harlan Lunsford, EA n LA << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#6
02-10-2004, 04:28 AM
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| Re: 2003 1040 line 22 Dividends: capital gains, qualified, non-taxable, post 8/7/86 private activity, bonds, collectables, qualified 5 year gain, unrecaptured Sec 1250, Sec 1202, liquidating, return of capital, foreign source.....ad nauseum! All I can say, this year, is thank God for software writers! Nan, EA in LA << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#5
02-10-2004, 04:09 AM
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| Re: 2003 1040 line 22 - quote - > > Year 2003 form 1040, line 22 says "Add the amounts in the
Yes there are. Ordinary dividends are those paid out in the> > FAR RIGHT column for lines 7 through 21. This is your total > > income". Does this mean to include the qualified dividends > > shown in line 9b? Line 9b doesn't look "far right" to me. > thank you both for clearing my head. Now I wonder: Are > there dividends that are not "Ordinary"? ordinary course of business and paid out of profits. there are also other dividends, chief one comes to mind are liquidating dividends, paid when a corporation is either going out of business or getting rid of one segment of it's business. cheer$, Harlan Lunsford, EA Phenix City, AL << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#4
02-10-2004, 03:50 AM
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| Re: 2003 1040 line 22 - quote - > > Year 2003 form 1040, line 22 says "Add the amounts in the
Yes, there are. Usually they are exempt from tax and are> > FAR RIGHT column for lines 7 through 21. This is your total > > income". Does this mean to include the qualified dividends > > shown in line 9b? Line 9b doesn't look "far right" to me. > thank you both for clearing my head. Now I wonder: Are > there dividends that are not "Ordinary"? entered on Line 8b of the 1040. Entries on Line 8b ARE NOT a subset of Line 8a, they are completely separate. "Tax exempt dividends (or interest)" is usually used only to determine the taxability of any Social Security benefit you might receive. << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#3
02-06-2004, 11:33 AM
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| Re: 2003 1040 line 22 "Lynn Guini" <Lynn[at]nospan.com> wrote: - quote - > Year 2003 form 1040, line 22 says "Add the amounts in the
thank you both for clearing my head. Now I wonder: Are> FAR RIGHT column for lines 7 through 21. This is your total > income". Does this mean to include the qualified dividends > shown in line 9b? Line 9b doesn't look "far right" to me. there dividends that are not "Ordinary"? << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#2
02-06-2004, 09:38 AM
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| Re: 2003 1040 line 22 Lynn=A0Guini posted: - quote - > Year 2003 form 1040, line 22 says "Add the
Qualified dividends should be included in the total> amounts in the FAR RIGHT column for lines 7 > through 21. This is your total income". Does > this mean to include the qualified dividends > shown in line 9b? Line 9b doesn't look "far > right" to me. dividends on line 9a. The entry on line 9b is to separate and identify the amount of the total dividends which are *Qualified* -- and this enters into tax calculations either on the Line 41 Worksheet (Page 37 of Form 1040) or Schedule D, whichever applies. Bill << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#1
02-05-2004, 08:36 PM
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| Re: 2003 1040 line 22 - quote - > Year 2003 form 1040, line 22 says "Add the amounts in the
Correct. You do NOT add in box 9b. Box 9a (which is on the> FAR RIGHT column for lines 7 through 21. This is your total > income". Does this mean to include the qualified dividends > shown in line 9b? Line 9b doesn't look "far right" to me. far right) already contains your ordinary dividends, qualified or not. -- Don EA in Upstate NY << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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02-05-2004, 08:17 PM
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| Re: 2003 1040 line 22 "Lynn Guini" <Lynn[at]nospan.com> writes: - quote - > Year 2003 form 1040, line 22 says "Add the amounts in the
That's because it isn't. The amount on 9b is a subset of 9a.> FAR RIGHT column for lines 7 through 21. This is your total > income". Does this mean to include the qualified dividends > shown in line 9b? Line 9b doesn't look "far right" to me. Phil Marti Topeka, KS << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#-1
02-05-2004, 03:30 AM
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| 2003 1040 line 22 Year 2003 form 1040, line 22 says "Add the amounts in the FAR RIGHT column for lines 7 through 21. This is your total income". Does this mean to include the qualified dividends shown in line 9b? Line 9b doesn't look "far right" to me. thanks. << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
| Tags |
| 1040, 2003, line |
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